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Tweets
Snap is canceling several projects and laying off 20 percent of employees https://t.co/W5eBwJZN3P pic.twitter.com/0CS11Zgk2b
— The Verge (@verge) August 31, 2022
Gasoline futures are down 43% from the high. $RB_F $UGA
Now below levels from October last year.
Winter-blend Oct22 contract takes over as the prompt at the settle today. pic.twitter.com/K7D1BoP24W
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) August 31, 2022
More disinflation –
Restaurant commodities costs coming down (especially jumbo chicken wings) pic.twitter.com/rsh9gxkOGB— Sara Eisen (@SaraEisen) September 1, 2022
Was high inflation transitory after all? pic.twitter.com/HSbN0KJxdu
— MacroMarketsDaily (@macro_daily) September 1, 2022
Right before pandemic started, average rent in U.S. per @zillow Index was $1,623; moved up to $1,828 by August 2021 and (a year later) is now at $2,031 pic.twitter.com/fD4R4S5a6i
— Liz Ann Sonders (@LizAnnSonders) August 31, 2022
Median home sale-to-list ratios in major U.S. cities are rolling over swiftly; some areas (such as Seattle) are off their peaks by considerable rate
@DataArbor pic.twitter.com/k4U5Ie88Jp— Liz Ann Sonders (@LizAnnSonders) September 1, 2022
This is the second survey where I’ve seen this and the magnitude is pretty shocking – younger investors believe they’re better at managing investments than professionals.
More than twice as many under 45 think they can beat the pros vs. investors 55 and older. N=2,500 pic.twitter.com/KFSsuaMvyD
— Michael Finke (@FinkeonFinance) August 31, 2022
1/3 Today we announced that together with UBS we decided to terminate our pending acquisition and will instead remain an independent company. We are continuing to explore ways to work together in a partnership and UBS has given us $70 M in financing at a $1.4 B valuation.
— Wealthfront (@Wealthfront) September 2, 2022
Pretty incredible stats:
-5.8 million jobs have added over the past year
-Employment is now 240,000 higher than pre-pandemic
-Men have fully recovered all job losses from pandemic.
(Women are close, but still ~264,000 off)-Manufacturing added 461,000 jobs in past year
— Heather Long (@byHeatherLong) September 2, 2022
The labor force expanded by roughly 800,000 people.
+442K people reported being employed
+315K jobs added by businesses
Unemployment ticked up as the labor market wasn’t able to fully absorb the swell of entrants.
Wage growth slowed.
This is what a soft landing looks like.
— Betsey Stevenson (@BetseyStevenson) September 2, 2022
The “nobody wants to work anymore” trope really is pure fiction. There have been only 26 months since 1986 when a higher share of 25-54 year olds had full-time jobs than August. All of them came at the peak of the late-1990s cycle over a span of just over two years.
— George Pearkes (@pearkes) September 2, 2022
OMG In the Penguin Random House/S&S antitrust trial it was revealed that out of 58,000 trade titles published per year, half of those titles sell fewer than one dozen books. LESS THAN ONE DOZEN.
— April Henry (@aprilhenrybooks) September 4, 2022
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